More NewsTwo Major Italian Banks Set to Merge

Two Major Italian Banks Set to Merge

The Board of Directors of UniCredito Italiano SpA (‘UniCredito’) has decided to propose to the market a business combination with Banca Commerciale Italiana SpA (‘Banca Commerciale Italiana’ or ‘Comit’) on the basis of a project which aims at enhancing the interests and capabilities of both banks. For the Italian economy, the combined group would represent a vehicle for internationalisation and for further development. It will become a sizeable entity, able on its own to participate on an equal footing in the European banking consolidation process.

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